13 Va. Admin. Code § 10-120-40

Current through Register Vol. 41, No. 9, December 16, 2024

Section 13VAC10-120-40 - Terms of loans

Thirty-five years shall be the maximum loan term, although longer amortization schedules may be utilized.

Derived from VR400-02-0012 § 3.1, eff. August 18, 1987; amended, Virginia Register Volume 4, Issue 12, eff. February 16, 1988; Volume 4, Issue 23, eff. July 19, 1988; Volume 5, Issue 21, eff. July 1, 1989; Volume 23, Issue 5, eff. November 1, 2006.

Statutory Authority

§ 36-55.30:3 of the Code of Virginia.